Canadian National Railway’s (CNR) NA Rating Reiterated at JPMorgan Chase & Co.

Canadian National Railway (TSE:CNR) (NYSE:CNI)‘s stock had its “na” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research report issued on Thursday, Stock Target Advisor reports. They currently have a C$145.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 0.90% from the stock’s current price.

CNR has been the subject of a number of other research reports. National Bankshares boosted their price objective on shares of Canadian National Railway from C$137.00 to C$147.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 31st. TD Securities decreased their price objective on Canadian National Railway from C$165.00 to C$160.00 and set a “buy” rating for the company in a research note on Wednesday, January 27th. National Bank Financial reduced their target price on shares of Canadian National Railway from C$141.00 to C$137.00 and set a “sector perform” rating for the company in a report on Wednesday, January 27th. Raymond James restated an “outperform” rating and issued a C$160.00 price target on shares of Canadian National Railway in a report on Wednesday, January 27th. Finally, Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from C$155.00 to C$139.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 27th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$147.73.

Shares of Canadian National Railway stock traded down C$0.78 during trading on Thursday, hitting C$146.31. 71,793 shares of the stock traded hands, compared to its average volume of 1,343,860. Canadian National Railway has a 52-week low of C$106.51 and a 52-week high of C$149.18. The stock’s fifty day simple moving average is C$143.21 and its 200 day simple moving average is C$140.84. The firm has a market cap of C$103.98 billion and a P/E ratio of 29.28. The company has a current ratio of 0.95, a quick ratio of 0.52 and a debt-to-equity ratio of 67.80.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 26th. The company reported C$1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.40 by C$0.03. The business had revenue of C$3.66 billion for the quarter, compared to the consensus estimate of C$3.62 billion. As a group, equities analysts expect that Canadian National Railway will post 6.2915347 EPS for the current year.

In related news, Senior Officer James Barry Cairns sold 1,115 shares of the firm’s stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of C$146.68, for a total value of C$163,548.76. Following the completion of the transaction, the insider now owns 746 shares in the company, valued at approximately C$109,423.65. Also, Senior Officer Sean Finn sold 700 shares of the firm’s stock in a transaction on Friday, March 19th. The stock was sold at an average price of C$146.69, for a total value of C$102,680.90. Following the completion of the transaction, the insider now owns 19,900 shares of the company’s stock, valued at approximately C$2,919,071.30. In the last ninety days, insiders sold 911,134 shares of company stock valued at $130,867,673.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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